Enron Employees Must Shoulder Pension Fees

Although Enron and the Department of Labor had wanted the bankrupt company to pick up tab for its $4 million annual retirement administration fees, Enron employees will have to shoulder that cost, Judge Arthur J. Gonzalez of the U.S. Bankruptcy Court of New York has ruled.

This will average $320 a year per person, although that amount could rise as the company continues to reduce its work force, The New York Times reports.

While Judge Gonzalez’ ruling is a triumph for Enron’s creditors, he did leave open the possibility for State Street, administrator to the plan, to make a motion against it.

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